2027 SE 27th St · Taylor Creek, FL 34974

$220,000

3 bd · 2.0 ba · 1,352 sqft · Manufactured public records · 21 Days on market

Built 1984 0.31 ac lot Est $250k · 12% under

---

Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.4/30.0
• ARV discount +12.9/15.0
• DSCR +4.0/10.0
• Schools +3.6/10.0
• 1% rule +3.4/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to waterfront living in Taylor Creek Isles. This beautifully updated 3-bedroom 2-bath manufactured home sits on a Captive lake and offers the perfect mix of comfort, charm, and outdoor space. Inside, you'll find a bright split floor plan with waterproof laminate flooring, updated bathrooms and all new appliances. The property features a large carport with extended driveway and additional circular drive with plenty of room for a boat or even an RV. This property is also on City water and sewer. This home is truly move in ready and ideal for full time living or a weekend retreat.

Key facts

• Circular drive
• Waterfront living
• Updated bathrooms

Tags

• WATERFRONT LIVING
• CAPTIVE LAKE
• UPDATED BATHROOMS
• LARGE CARPORT
• EXTENDED DRIVEWAY
• CIRCULAR DRIVE

Property features AI

Finance

• Other: Pets allowed with no restrictions
• HOA & community: No association amenities

Exterior

• Parking: Attached covered carport (2 spaces); Circular driveway
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Manufactured home; Single-story; Resale property; Faces south
• Construction: Modular construction; Aluminum skirt; Other roof
• Exterior features: Patio; Shed(s); Waterfront property; Lot dimensions approximately 90 ft x 150 ft

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Split bedroom layout
• Laundry & utility: Indoor laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $220k.

Deal economics

• At list price, monthly cash flow is $6 ($69/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (16.3% below list).
• Recommended offer: $184k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.1% in Taylor Creek — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 56/100 on livability (#874 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute F, employment F.
• Okeechobee (town): math 44% / reading 42% proficiency, ranked #58 of 73 in FL (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: South Elementary School (math 38% / reading 49%, grade F, #1,345 of 2,144 statewide, top 64%, 573 students, 61% FRL); Osceola Middle School (math 53% / reading 36%, grade D, #320 of 571 statewide, top 57%, 753 students, 67% FRL); Okeechobee High School (math 30% / reading 42%, grade F, #359 of 667 statewide, top 55%, 1,692 students, 62% FRL).
• Market conditions: 402 active listings in the ZIP; 18 units permitted in Okeechobee County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Okeechobee County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; list at $220k implies a 91% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,081 (16.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.11%
• DSCR: 1.00
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $250,120
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2306 SE 31st St	0.34mi	3/2.0	1,362 (+1%)	9mo	$275,000	$202	76
2001 SE 27th St	0.02mi	2/2.0 (-1)	1,476 (+9%)	5mo	$197,000	$133	75
2128 SE 32nd St	0.35mi	3/2.0	1,296 (-4%)	4mo	$250,000	$193	73
1903 SE 30th St S	0.19mi	2/2.0 (-1)	1,441 (+7%)	4mo	$267,000	$185	72
2200 SE 24th Blvd	0.24mi	3/2.0	1,512 (+12%)	2mo	$220,000	$146	67
1930 SE 24th Blvd	0.12mi	3/2.0	1,200 (-11%)	17mo	$255,000	$213	62
2408 SE 32nd St	0.43mi	3/2.0	1,296 (-4%)	15mo	$141,300	$109	61
2224 SE 34th Ln	0.51mi	2/2.0 (-1)	1,344 (-1%)	14mo	$240,000	$179	58
3009 SE 23rd St SE	0.67mi	3/2.0	1,248 (-8%)	7mo	$140,000	$112	50
2803 SE 19th Ct	0.71mi	3/2.0	1,479 (+9%)	11mo	$275,000	$186	42
3515 SE 25th Ter	0.63mi	2/2.0 (-1)	1,173 (-13%)	20mo	$287,000	$245	27
3111 SE 28th St	0.70mi	2/2.0 (-1)	1,152 (-15%)	19mo	$165,000	$143	22

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.1%
• Equity multiple: 0.43×
• Total profit: $-35,301
• Equity at exit: $32,803

10-year hold

• IRR: -7.8%
• Equity multiple: 0.51×
• Total profit: $-30,336
• Equity at exit: $19,022

Cash invested: $61,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34974

• Home prices YoY: -15.6%
• Active inventory: 402
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,841 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$203 /mo · $2,438/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $6

Break-even live

Break-even rent $1,834

Max offer price $220,000

Occupancy floor 95%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-19
   days on market $220,000 Active 21 DOM
2. 2026-06-18
   days on market $220,000 Active 20 DOM
3. 2026-06-17
   days on market $220,000 Active 19 DOM
4. 2026-06-16
   days on market $220,000 Active 18 DOM
5. 2026-06-15
   days on market $220,000 Active 17 DOM
6. 2026-06-14
   days on market $220,000 Active 15 DOM
7. 2026-06-10
   days on market $220,000 Active 12 DOM
8. 2026-06-09
   days on market $220,000 Active 11 DOM
9. 2026-06-08
   days on market $220,000 Active 10 DOM
10. 2026-06-07
    days on market $220,000 Active 9 DOM
11. 2026-06-05
    days on market $220,000 Active 6 DOM
12. 2026-06-03
    days on market $220,000 Active 5 DOM
13. 2026-06-02
    days on market $220,000 Active 4 DOM
14. 2026-06-01
    days on market $220,000 Active 3 DOM
15. 2026-05-31
    days on market $220,000 Active 2 DOM
16. 2026-03-01
    listed $235,000 Active
17. 2025-08-01
    historical
18. 2025-06-12
    price $244,900
19. 2025-02-04
    listed $245,000 Active
20. 2025-01-27
    historical
21. 2024-11-08
    listed $255,350 Active
22. 2024-07-02
    historical
23. 2024-06-21
    price $269,000
24. 2024-02-19
    listed $272,900 Active
25. 2024-02-16
    historical
26. 2022-07-17
    soldstatus $115,000 Closed
27. 2022-06-27
    soldstatus $115,000
28. 2022-05-12
    status Pending
29. 2022-05-07
    listed $119,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,438 · $203/mo
• Projected year-2 tax: $2,438 · $203/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,090
• − Mortgage interest: −$12,323
• − Property taxes: −$2,438
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − Depreciation: −$6,400
• Taxable loss: −$3,706
• Est. tax savings @ 24.0%: +$889
• After-tax cash flow: $958/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Okeechobee
• NCES district ID: 1201410
• Math proficiency: 44% ▼ -12.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $36,710
• Composite: 35.73/100
• National rank: #4855
• State rank: #58 of 73 in FL

Livability — Taylor Creek

• Score: 56/100
• State rank: #874
• US rank: #23017

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment F Housing A+ Health & safety D- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor Creek, FL
• County: Okeechobee County · 23,975 people
• Metro: Okeechobee, FL
• Population (ZIP): 23,975
• Household income: $53,013
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 399.0

Population outlook (Okeechobee County) Hauer SSP2

• Today (2025): 37,273 people
• By 2030: 35,885 · -3.7%
• By 2040: 32,931 · -11.6%
• By 2050: 29,433 · -21.0%
• By 2075: 19,607 · -47.4%
• By 2100: 11,814 · -68.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 8% Asian 2% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 12% Puerto Rican 1% Cuban 2%
• Common ancestry: Lithuanian 2% Iranian 2% Italian 2%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 81% English-only · Spanish 16% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Okeechobee

• 2024 margin: Solid R (+53.8) · D 22.9% · R 76.7%
• 2008→2024 swing: -34.6pp toward R · 2008: -19.2pp · 2024: -53.8pp
• All cycles: 2024: R+53.8 2020: R+44.4 2016: R+39.5 2012: R+20.0 2008: R+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.47%
• Current HPI: 348.6692
• Rent YoY: —
• Metro: Okeechobee, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+97.5% since first listed

14 events — show timeline

• 2026-03-01 Listed $235,000 Beaches MLS
• 2025-08-01 Listing Removed — Beaches MLS
• 2025-06-12 Price Changed $244,900 Beaches MLS
• 2025-02-04 Listed $245,000 Beaches MLS
• 2025-01-27 Listing Removed — Beaches MLS
• 2024-11-08 Listed $255,350 Beaches MLS
• 2024-07-02 Listing Removed — Beaches MLS
• 2024-06-21 Price Changed $269,000 Beaches MLS
• 2024-02-19 Listed $272,900 Beaches MLS
• 2024-02-16 Coming Soon — Beaches MLS
• 2022-07-17 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-27 Sold (Public Records) $115,000 Public Records
• 2022-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-05-07 Listed $119,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.8%/yr

Latest (2025): $2,438 · +4.9% YoY. Source: county tax records.